Quadrant Future Tek IPO

NiftyTrader • January 3, 2025

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Quadrant Future Tek IPO opens for subscription on January 7, 2025 and closes on January 9, 2025. The allotment for the Quadrant Future Tek IPO is expected to be finalized on Friday, January 10, 2025. Quadrant Future Tek IPO will list on BSE, NSE with tentative listing date fixed as Tuesday, January 14, 2025.

Quadrant Future Tek IPO price band is set at ₹275 to ₹290 per share. The minimum lot size for an application is 50. The minimum amount of investment required by retail investors is ₹14,500. The minimum lot size investment for sNII is 14 lots (700 shares), amounting to ₹2,03,000, and for bNII, it is 69 lots (3,450 shares), amounting to ₹10,00,500.

Quadrant Future Tek IPO is a book built issue of Rs 290.00 crores. The issue is entirely a fresh issue of 1.00 crore shares.

Quadrant Future Tek IPO Details

IPO Date	January 7, 2025 to January 9, 2025
Listing Date	[.]
Face Value	₹10 per share
Price	₹275 to ₹290 per share
Lot Size	50 Shares
Total Issue Size	1,00,00,000 shares (aggregating up to ₹290.00 Cr)
Fresh Issue	1,50,00,000 shares (aggregating up to ₹ 210.00 Cr)
Offer for Sale	1,00,00,000 shares (aggregating up to ₹ 290.00 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE, NSE
Shareholding pre-issue	3,00,00,000 shares
Share Holding Post Issue	4,00,00,000 shares

Quadrant Future Tek IPO Lot Size

Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	50	₹14,500
Retail (Max)	13	650	₹1,88,500
S-HNI (Min)	14	700	₹2,03,000
S-HNI (Max)	67	3,400	₹9,86,000
B-HNI (Min)	68	3,450	₹10,00,500

Quadrant Future Tek IPO Objectives

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

Funding long-term working capital requirements of the Company;
Capital expenditure for the development of Electronic Interlocking System;
Prepayment or repayment of all or a portion of outstanding working capital term loan availed by the Company; and
General corporate purposes.

About Quadrant Future Tek

Quadrant Future Tek, incorporated in September 2015, develops next-generation Train Control and Signaling Systems for the Indian Railways’ KAVACH project, enhancing safety and reliability for passengers. The company also has a speciality cable manufacturing facility with an Electron Beam Irradiation Centre.

The company has a facility in Village Basma, Tehsil Banur, Distt Mohali, for manufacturing, testing, and developing speciality cables and hardware for the Train Control & Signalling Division.

The company is technology-driven, with products that meet ISO, IRIS, and TS standards and follow strict Quality Management Systems for speciality cables.

The company manufactures, tests, and develops speciality cables at its Village Basma, Tehsil Banur facility, District Mohali, Punjab.

As of October 31, 2024, the company had 295 employees at its manufacturing facility, Railway Signalling & Embedded System Design centre and corporate function.

Competitive Strength:

The Company is engaged in the innovation and technological development of Automatic Train Protection Systems.
Entered an exclusive Memorandum of Understanding with RailTel to pursue KAVACH opportunities in Indian Railways and other countries’ railways.
In-house design and product development capabilities powering our Rail Signalling Products & Solutions.
Advanced cable manufacturing technology that meets strict standards for Railways, Naval Defence, Renewable Energy, and Electric Vehicle sectors.
Advanced manufacturing facilities with a diverse range of power and control cables with a focus on innovation and cost competitiveness.

Quadrant Future Tek Limited Financial Information

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	149.66	142.82	118.82	112.77
Revenue	65.14	151.82	152.95	104.29
Profit After Tax	-12.11	14.71	13.9	1.94
Net Worth	34.18	44.11	29.42	15.61
Reserves and Surplus	4.18	34.11	19.42	5.61
Total Borrowing	98.01	81.61	74	80.68
				Amount in ₹ Crore

Quadrant Future Tek IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not less than 75% of the Net Issue
Retail Shares Offered	Not more than 10% of the Net Issue
NII (HNI) Shares Offered	Not more than 15% of the Net Issue

Quadrant Future Tek IPO Timeline (Tentative Schedule)

Quadrant Future Tek IPO opens on January 7, 2025, and closes on January 9, 2025.

IPO Open Date	Tuesday, January 7, 2025
IPO Close Date	Thursday, January 9, 2025
Basis of Allotment	Friday, January 10, 2025
Initiation of Refunds	Monday, January 13, 2025
A credit of Shares to Demat	Monday, January 13, 2025
Listing Date	Tuesday, January 14, 2025
Cut-off time for UPI mandate confirmation	5 PM on January 9, 2025